Pick n Pay Stores Limited – Dealing in Securities Pick n Pay Stores Limited (Incorporated in the Republic of South Africa) (Registration number: 1968/008034/06) Share Code: PIK ISIN code: ZAE000005443 PICK N PAY STORES LIMITED – DEALING IN SECURITIES Dealing in securities by executive directors and company secretary: award of forfeitable shares in terms of the Pick n Pay Stores Limited Forfeitable Share Plan, which was approved by shareholders at the General Meeting held on 12 February 2014 and amended at the General Meeting held on 4 August 2020. The restricted forfeitable shares are issued at nil cost and may vest, subject to performance conditions being met over three financial years. The performance conditions are linked to the growth in comparable headline earnings per share. Dividends earned over the term of the scheme are payable upon vesting, pro-rated to the number of restricted forfeitable shares that vest in participants. In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed: Name of director: L Olivier Designation: Chief Finance Officer Name of company: Pick n Pay Stores Limited Number of forfeitable shares: 120 000 Acceptance of award: 19 January 2021 Date of vesting: 25 June 2023 Nature of transaction: Off-market allocation of restricted forfeitable shares Nature of interest: Direct beneficial Clearance obtained: Yes Name of director: S Ackerman-Berman Designation: Director Name of company: Pick n Pay Stores Limited Number of forfeitable shares: 60 000 Acceptance of award: 19 January 2021 Date of vesting: 25 June 2023 Nature of transaction: Off-market allocation of restricted forfeitable shares Nature of interest: Direct beneficial Clearance obtained: Yes Name of director: J Ackerman Designation: Director Name of company: Pick n Pay Stores Limited Number of forfeitable shares: 30 000 Acceptance of award: 19 January 2021 Date of vesting: 25 June 2023 Nature of transaction: Off-market allocation of restricted forfeitable shares Nature of interest: Direct beneficial Clearance obtained: Yes Name of company secretary: DE Muller Designation: Company Secretary Name of company: Pick n Pay Stores Limited Number of forfeitable shares: 50 000 Acceptance of award: 19 January 2021 Date of vesting: 25 June 2023 Nature of transaction: Off-market allocation of restricted forfeitable shares Nature of interest: Direct beneficial Clearance obtained: Yes By order of the board Cape Town 20 January 2021 Sponsor: Investec Bank Limited Date: 20-01-2021 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.